South Africa


  • Industry: Mining
  • Type: Business and industry issue
  • Date: 2013/02/01

New Consolidation and Joint Arrangement Standards May Influence Business Decisions 

IFRS 10 Consolidated Financial Statements and IFRS 11 Joint Arrangements are KPMG’s resolution to the concerns raised by users of financial statements that the existing standards failed to adequately portray investors’ risks in mining.

The publication explores what these new standards require and how KPMG’s dedicated team can help companies’ understand the mining industry’s challenges.  It is against this background that companies’ needs are met.


The standards are effective for annual periods beginning after 1 January 2013 and earlier adoption was permitted.



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Carel Smit
Head of Markets
Energy and Natural Resources
Tel: +27 (0)11 647 7065